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US govt shutdown would be negative for credit rating, says Moody's

U.S. government services would be disrupted and hundreds of thousands of federal workers furloughed without pay if Congress fails to provide funding for the fiscal year starting Oct. 1

Mid, smallcap rally to persist amid more inflows: DSP Mutual Fund's Parekh

DSP Mutual Fund will also launch a smallcap fund this year to take advantage of the inflows to the segment, Parekh said

Alibaba starts restructuring with plan to list logistics arm in Hong Kon

In the months since, the company has approved a process to start external financing for its international commerce arm and was also looking to list its cloud unit

Oil prices fall as high-interest rate outlook outweighs tight supply

Meanwhile, the U.S. dollar hit a 10-month high on Tuesday, as higher bond yields attracted investors towards the greenback

Pegatron India's iPhone factory shutdown may go into day 3: Report

Pegatron has asked independent surveyors to assess the fire damage, a fifth source said

Cough syrup deaths overseas prompts US crackdown on toxic testing

The manufacturers include U.S.-based companies and exporters from India, South Korea, Switzerland, Canada and Egypt

US yields hit 2007 levels as Fed signals, shutdown fears stoke angst

Euro zone bond yields also held near multi-year highs as the narrative that central banks will keep rates higher for longer held sway

Airbus names sales chief Scherer CEO of core planemaking operation

The appointment of Scherer, 61, heralds broad continuity inside the main commercial arm, which competes with Boeing and makes up about 70% of the company's revenues

India to set emission reduction mandates, start carbon trading from 2025

Companies which exceed their targets earn carbon credits that can be sold to firms which fall short of their goals

Centre, RBI officials to finalise 2nd half borrowing plan today: Report

India plans to borrow about Rs 6.55 trillion in the second half of the current fiscal year that started April 1, according to government's budget estimates

India's bond index inclusion set to test RBI's liquidity, FX management

"So as and when passive investors encounter tax implications, they will think twice," the report said

Centre to cut floor price for basmati rice exports in coming days: Report

India will lower the basmati floor price to $850 a metric ton, down from $1,200 a ton, to help millers and traders ship out the rice grade, said the report

Taliban weighs using US mass surveillance plan, met with China's Huawei

But some analysts question the cash-strapped regime's ability to fund the programme, and rights groups have expressed concern that any resources will be used to crackdown on protesters

Explained: Why are Russian export prices roiling the wheat market

In March, sources told Reuters that the Russian government was recommending exporters ensure prices were high enough to cover farmers' production costs

Aviation leasing watchdog cuts India's compliance rating amid Go First row

The courtroom battle started after Go First was granted bankruptcy protection in May. Under Indian law, that prevented lessors from recovering 50-plus grounded Airbus planes

Airbus appoints sales chief Scherer as head of core planemaking biz

The move, to be announced within days, frees CEO Guillaume Faury to focus on broader strategy after four years of doubling up as planemaking boss, notably during the pandemic

Google, Walmart ask Bengaluru staff to work at home amid state water row

The dispute over who gets access to the water has been a source of friction between the states of Karnataka and Tamil Nadu for more than a century

Brazil, Mexico, India in good position to attract capital, says Haddad

The finance minister added his team would meet with 25 U.S. investors in Sao Paulo later in the day, following up on the bilateral meeting Presidents Biden and Inacio Lula da Silva held last week

Burmans seek to boost financial services play with control of Religare

The Burmans now want to "increase the family's stake and take control" of Religare, in a move that will pit them against other billionaire families in the same business

Rupee ends weaker on elevated US Treasury yields, record low not in sight

The rupee closed at 83.1450 against the U.S. dollar as compared with 82.93 in the previous session. Most Asian currencies fell, with the Thai bhat and offshore Chinese yuan leading losses